Saturday, September 7, 2013

Here We Go Again reports, "Indianapolis officials hope to include plans for a new downtown luxury hotel in their bid for the 2018 Super Bowl, but they’re not sure all the pieces for a deal—potentially on Pan Am Plaza—can be put together before a bid presentation for 32 NFL owners in May."

As Indy taxpayers should know, we (not the hotel owner or operator who profit from the venture) invested $48.5 million in the JW Marriott complex beginning in 2006.

There's no telling how much it would cost us to build yet another 4-star hotel -- at a time when downtown hotel occupancy is said to be well below 65% (city-wide occupancy in 2012 was a paltry 59%).

As the IBJ reported, "The idea is already meeting serious resistance from local hotel officials, who fear a new property will make it harder to fill their own beds."

This Indianapolis Observer thinks that the city leaders are, once again, selling off their children's futures to line their own pockets (and score Super Bowl tickets) today.

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